Large oil trading spike occurred before Trump Iran remarks
Unusually large volume of oil contracts was traded shortly before President Trump said he would halt strikes on Iranian energy infrastructure, coinciding with a sharp drop in prices, data show.
Thousands of oil contracts—far higher than normal—were traded 15 minutes before US President Donald Trump pledged to halt strikes on Iranian energy infrastructure, data showed. The flurry of trading coincided with prices tumbling after the announcement, according to the data released Tuesday.